Clause 3 - Non-target years: default rules
Waste and Emissions Trading Bill [Lords]
3:15 pm
Mr John Hayes (South Holland and The Deepings, Conservative)
I am grateful to the Minister for making the information available to the Committee. I said to him privately, and it is worth placing this on the record, that I had the wit to work out the graph before I had seen fact sheet No. 5, but I did not have the wit to find fact sheet No. 5. I do not know what that says about me. I understand that it was available in the
Library, and I am grateful for the Minister's generosity in ensuring that we all have it and for making the commitment that we will have all the other necessary fact sheets.
If we pursue the logic of the debate a few moments ago, by which, in effect, we gave priority to ''may'' rather than ''must'' at the beginning of the chapter, we find that it is absolutely essential to have a default formula. The formula presented to us does exactly as the Minister says and provides a guarantee that we will have a reasonable chance of meeting the targets on the basis of a progression. To that extent, it is appropriate. I have little more to add.